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Counters to buy with 100k this month of August 2013
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Learner
#1 Posted : Wednesday, August 14, 2013 10:26:17 AM
Rank: New-farer


Joined: 6/24/2013
Posts: 18
I want to buy shares for the first time and i am a bit undecided about the shares to buy and what to consider when buying.

I would really appreciate if someone would advise me the factors to consider when choosing and possibly any good stocks to buy with 100k this month
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Kausha
#2 Posted : Wednesday, August 14, 2013 10:42:01 AM
Rank: Member


Joined: 2/8/2007
Posts: 808
Consider penny stocks - those less than 15 bob. Obviously getting quality and at fair price will be a challenge. If SCOM drops to 7 pick, Look at kenol too, Britam etc. Can't say much about the rest!
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Learner
#3 Posted : Wednesday, August 14, 2013 10:58:16 AM
Rank: New-farer


Joined: 6/24/2013
Posts: 18
Thanks for that. You are saying it will be a challenge getting quality and at a fair price and i would appreciate if you could elaborate who determines the price and the quality when i am the one buying
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King G
#4 Posted : Wednesday, August 14, 2013 11:00:11 AM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Jaribu Jamii Bora Coroprate Bond iko na thread hapo chini kwa bonds
Thieves
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Learner
#5 Posted : Wednesday, August 14, 2013 11:16:19 AM
Rank: New-farer


Joined: 6/24/2013
Posts: 18
I do not know a lot about bonds and thus was thinking about shares
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mkonomtupu
#6 Posted : Wednesday, August 14, 2013 11:23:00 AM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
you look at the market valuation of the company, look at the profits/loss the company has made, you look at the sector and see if there is potential for growth, look at the management of the company and you read the AGM report to see the strategies of the company, if you identify a good company which a low market valuation you look for a seller to buy cheaply same way you buy tomatoes in the market.
for example Kenol kobil has a market valuation of Kshs 12.36 billion, it has sustained losses in the last year, the management has changed, it trades in a sector with low margins. Do you think kenol kobil is worth kshs 12.36 billion? If you do you buy if not you wait for a lower price
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Learner
#7 Posted : Wednesday, August 14, 2013 11:33:06 AM
Rank: New-farer


Joined: 6/24/2013
Posts: 18
@Mkonomtupu Thanks for that. And something else i would want to know is: a reputable broker to open an account with them. In reality, if i request a broker to buy or sell a share can i set the limits at which they can buy or sell the share at? Also how long do they take before processing someones order?
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Mukiri
#8 Posted : Wednesday, August 14, 2013 11:48:20 AM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
Learner wrote:
@Mkonomtupu Thanks for that. And something else i would want to know is: a reputable broker to open an account with them. In reality, if i request a broker to buy or sell a share can i set the limits at which they can buy or sell the share at? Also how long do they take before processing someones order?

Everyone here has their own preference. Of the 4 brokers I've tried, I vouch for Genghis Capital. From the KYC service I get, I'm able to call(specific person), make an order and have them confirm execution. Only short-fall in they are yet to put inplace an Online Trading System.

Proverbs 19:21
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mkonomtupu
#9 Posted : Wednesday, August 14, 2013 11:56:14 AM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
Learner wrote:
@Mkonomtupu Thanks for that. And something else i would want to know is: a reputable broker to open an account with them. In reality, if i request a broker to buy or sell a share can i set the limits at which they can buy or sell the share at? Also how long do they take before processing someones order?


I like dealing with small broker the staff know me personally they know how i like to execute my trades. The market works by you telling your broker how much you want to pay for a company e.g. if you think Kenol is worth 8/- a share you tell your broker that price, if a seller goes to his broker and says sell my kenol at 8/- then the brokers match up and you transact. Most people just tell the broker to buy at market price which means the broker will buy at the prevailing market price. If you believe the company is overvalued then you don't put your order at all and wait till the market valuation is lower. Your orders are valid for 30 days. Processing depends on whether there is a matching transaction usually within 3 days
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Learner
#10 Posted : Wednesday, August 14, 2013 12:02:24 PM
Rank: New-farer


Joined: 6/24/2013
Posts: 18
So which are the small brokers in this case?
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guru267
#11 Posted : Wednesday, August 14, 2013 3:17:42 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Go to Dyer and Blair and get full control over your trades!
Mark 12:29
Deuteronomy 4:16
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MaichBlack
#12 Posted : Wednesday, August 14, 2013 6:06:32 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
guru267 wrote:
Go to Dyer and Blair and get full control over your trades!

Seconded and Thirded. I have a portfolio manager at D&B but I no longer see the need to talk her - unless she has to pick a cheque from me. Everything else I do online. Selling, buying, cancelling/revising orders etc. And you set the max price you are willing to buy at or min price you are willing to sell at.

Try dyer and Blair and you will not regret.

Those "small brokers" will collapse with your 100k having sold all your shares irregularly. Mambo ya "small brokers" washana naye unless you want to become a big broke a$$!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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murchr
#13 Posted : Wednesday, August 14, 2013 7:31:50 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
MaichBlack wrote:
guru267 wrote:
Go to Dyer and Blair and get full control over your trades!

Seconded and Thirded. I have a portfolio manager at D&B but I no longer see the need to talk her - unless she has to pick a cheque from me. Everything else I do online. Selling, buying, cancelling/revising orders etc. And you set the max price you are willing to buy at or min price you are willing to sell at.

Try dyer and Blair and you will not regret.

Those "small brokers" will collapse with you 100k having sold all your share irregularly. Mambo ya "small brokers" washana naye unless you want to become a big broke a$$!


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly I agree...if you value your investment, guard it.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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h2s
#14 Posted : Wednesday, August 14, 2013 7:40:33 PM
Rank: Member


Joined: 7/20/2012
Posts: 141
MaichBlack wrote:
guru267 wrote:
Go to Dyer and Blair and get full control over your trades!

Seconded and Thirded. I have a portfolio manager at D&B but I no longer see the need to talk her - unless she has to pick a cheque from me. Everything else I do online. Selling, buying, cancelling/revising orders etc. And you set the max price you are willing to buy at or min price you are willing to sell at.

Try dyer and Blair and you will not regret.

Those "small brokers" will collapse with you 100k having sold all your share irregularly. Mambo ya "small brokers" washana naye unless you want to become a big broke a$$!

And the brokerage fees are more or less the same. Better to go with the established ones and create a rapport with the staff there.
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kamaug
#15 Posted : Wednesday, August 14, 2013 8:13:04 PM
Rank: New-farer


Joined: 10/27/2010
Posts: 26
Location: NBI
h2s wrote:
MaichBlack wrote:
guru267 wrote:
Go to Dyer and Blair and get full control over your trades!

Seconded and Thirded. I have a portfolio manager at D&B but I no longer see the need to talk her - unless she has to pick a cheque from me. Everything else I do online. Selling, buying, cancelling/revising orders etc. And you set the max price you are willing to buy at or min price you are willing to sell at.

Try dyer and Blair and you will not regret.

Those "small brokers" will collapse with you 100k having sold all your share irregularly. Mambo ya "small brokers" washana naye unless you want to become a big broke a$$!

And the brokerage fees are more or less the same. Better to go with the established ones and create a rapport with the staff there.


Guys, been reading up on value investing using book value ratios. Does anyone use this method in our market? is it really as simple as it sounds? does it work for anyone other than Warren Buffet?
WTF
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aemathenge
#16 Posted : Wednesday, August 14, 2013 8:33:57 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
guru267 wrote:
Go to Dyer and Blair and get full control over your trades!

Can I do this from Kerugoya or do I have to visit Nairobbery every-time I want to transact?
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aemathenge
#17 Posted : Wednesday, August 14, 2013 8:36:35 PM
Rank: Elder


Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
guru267 wrote:
Go to Dyer and Blair and get full control over your trades!

I have been using Equity Bank out here in Kerugoya. Have I been missing on anything, in your opinion?
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MaichBlack
#18 Posted : Wednesday, August 14, 2013 10:21:46 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
aemathenge wrote:
guru267 wrote:
Go to Dyer and Blair and get full control over your trades!

Can I do this from Kerugoya or do I have to visit Nairobbery every-time I want to transact?

So long as you as you have money in your account you can do whatever you want online! You can even sell all all your shares and then buy them back out of boredom. He he he. And the system is realtime. Once you click ok, straight kwa market - after validation.

If you have no problems with Equity though, you can continue trading with them. Most of the employees in these brokerage firms - big or small - can't give you any meaningful info or advice. You are better off at Wazua for info.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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georgegop
#19 Posted : Sunday, August 18, 2013 1:42:00 PM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo
I agree. Most of the employees in the brokerage firms - big or small - can't give you any meaningful info or advice. One is better off at Wazua for info.
Don't Work for Money, Let Money Work for You..
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h2s
#20 Posted : Monday, August 19, 2013 6:43:39 AM
Rank: Member


Joined: 7/20/2012
Posts: 141
georgegop wrote:
I agree. Most of the employees in the brokerage firms - big or small - can't give you any meaningful info or advice. One is better off at Wazua for info.


I agree with the last part. i have benefited a lot from Wazua. Thanks to the members and also for those operating the forum.
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